Your credit score isn't the only number lenders use to decide if you're trustworthy

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The lower your debt-to-income ratio, the better you look to lenders

isn't the only thing that could make or break your ability to get a loan or line of credit.

You can find your debt-to-income ratio through a simple calculation: Divide all monthly debt payments by gross monthly income and you have a ratio, or percentage . . The lower the percentage, the better you look to lenders, because it indicates your debts make up a smaller portion of your earnings.Payments for auto loans, student loans, mortgages, personal loans, child support and alimony, and credit cards are all considered monthly debt. Notably, the calculation uses the minimum credit-card payment combined across all credit cards, rather than the amount you actually pay each month.

 

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